After years of falling investment in the Spanish construction market, Spain has finally registered a growth in investment figures for the first time since the start of the crisis.
In fact, the European Commission has forecast a 1.8% growth in investment, which is above the euro zone average, and contrasts to this year’s figure of 3.8% less investment than 12 months ago.
According to statistics for the whole of the European Union, investment into construction will increase in 2015, despite only rising 0.7% this year. Next year, there is expected to be a rise of 2.4% in the EU, but in euro zone countries this will only reach 0.7%.
The only countries to receive an investment increase of a two-digit figure are Ireland and Greece. Construction will grow 11.3% and 10.3% in these countries respectively.
Behind them is the UK with 9.2%, Luxemburg with 7.8% and Sweden at 6.4%. And then Poland and Lithuania are next with around 5% investment growth in front of Rumania, Slovakia and the Czech Republic.
Spain sits at 1.8% growth, ahead of Germany at 1.6%.
The countries that will see less investment next year than in 2014 are Italy and Portugal – only just – with greater losses in Bulgaria (-2.2%), France (-2.3%) and Cyprus (-4.8%).
Source: www.idealista.com
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